Business Blog

The National Bank of Abu Dhabi (NBAD) has launched NBAD Shariah MENA Dividend Leader Fund, which invests in select dividend-paying companies traded on the most promising MENA equities markets.

By Seda Sezer and Ebru TuncayISTANBUL, Sept 23 (Reuters) - Turkish lender Turkiye Finans Katilim Bankasi plans to issue $50 million worth of ringgit-denominated sukuk (Islamic bonds) in Malaysia by year end in a step aimed at diversifying its funding base, Chief Executive Derya Gurerk told Reuters.Turkiye Finans, in which Saudi Arabia&aposs National Commercial Bank is the largest shareholder, rais

Turkish lender Turkiye Finans Katilim Bankasi plans to issue USD 50 million worth of ringgit-denominated sukuk (Islamic bonds) in Malaysia by year end in a step aimed at diversifying its funding base, Chief Executive Derya Gurerk told Reuters.

Turkish participation bank Albaraka Turk said on Tuesday it had signed a one-year murabaha loan deal worth USD 151 million and 54.4 million euro ($70.17 million).

Indonesia's finance ministry sold 1.5 trillion rupiah (USD 125.31 million) of Islamic bonds at an auction on Tuesday, meeting an indicative target of 1.5 trillion rupiah, the ministry's debt office said.

Qatar's Masraf Al Rayan has put its planned acquisition of a stake in a commercial bank in Libya on hold until political conditions in the north African country improve, it said.